Consumer and Producer Theory
Documents for Download
Unit 3 Videos
The following videos are for Unit 3. Be sure to watch them all, write down any questions you have, and be prepared to discuss them in class.
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Episode 17: Diminishing Marginal Utility
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Episode 18: Consumer Equilibrium
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Episode 19: Indifference Curve Analysis
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Episode 20: Producer Theory
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Episode 20B: Short Run vs. Long Run Production
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Episode 21: Accounting vs. Economic Costs
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Episode 22: Fixed and Variable Costs
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Episode 23: Cost Curves
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Episode 24: Do we really need all those diagrams?
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